Budg-E-3 B en

EUROPEAN COMMISSION
VACANCY NOTICE FOR A POST OF SECONDED NATIONAL EXPERT
DG – Directorate – Unit BUDG-E-3
Post number in sysper: 351631
Christian Engelen, Christian.engelen@ec.europa.eu

Contact person:
Provisional starting date:

Initial duration:
Place of secondment: 2nd quarter 2024
2 years
Brussels ✘ Luxemburg Other:
Click or tap here to enter text.
Type of secondment With allowances Cost-free
This vacancy notice is open to:

EU Member
States
as well as
The following EFTA countries:
Iceland Liechtenstein Norway Switzerland
The following third countries: ….
The following intergovernmental organisations: …
EFTA-EEA In-Kind agreement (Iceland, Liechtenstein,

Norway)
Deadline for applications 2 months 1 month
Latest application date: 25-04-2024
Entity Presentation (We are)
Unit E3 organises the debt issuance and lending of proceeds for the Union’s financial
assistance programmes, as well as the SURE programme and the NextGenerationEU
issuance and lending. In this context, the unit is responsible for the development and
implementation of a unified debt management strategy, for issuance operations and for
loan administration and review of repayment schedules. E3 is also responsible for
communication with stakeholders - Credit Rating Agencies, Investment banks, peer
institutions and national Debt Management Offices. It is responsible for the development
of the investor base and lead numerous projects required to successfully implement the
greatly expanded borrowing and lending activities;
Job Presentation (We propose)
To finance the EU policy response to the COVID-19 crisis and support economic
recovery in the EU, the Commission is mandated to implement the debt management
related to NextGenerationEU (NGEU). This policy initiative foresees the issuance of
bonds in an amount of up to EUR 720 billion until 2026, with an annual issuance volume
of around EUR 100-150 billion over the coming years. The proceeds will be used to
finance reforms and investments in the EU Member States through grants and loans.
The Commission is also mandated to issue bonds to finance EU’s support to Ukraine and
other neighbourhood countries under its macro-financial assistance programmes. As of
2023, EU funding operations are implemented under a unified funding approach, with
related internal governance and risk management structures. This funding approach
foresees the issuance of single branded EU-bonds with funds mobilised through different
funding channels (syndicated transactions, auctions) as well as the entire maturity
spectrum (short-term and long-term funding) under a pooled funding approach and
related liquidity management. The approach builds of the mechanisms put in place in
2021 for the funding of the NextGenerationEU programme. In addition the Commission
will continue to issue NextGenerationEU bonds under its established dedicated Green
Bond Framework.
Jobholder Profile (We look for)
The position offers national experts with a background in financing operations and debt
management the possibility to become part of a demanding, innovative and high-profile
team that is at the heart of financing EU’s recovery from the COVID-19 crisis and other
policy priorities through capital market operations.
The Commission is seeking to complement its team with a national expert who can bring
a broad operational experience in the management of financial operations. In particular,
the national expert will be selected with a view to:
•Strengthen the Commission’s capacity for an integrated debt and liquidity management;
•Support in the risk management and controlling for the funding operations in line with
the risk policies set by the Commission’s Chief Risk Officer;
•Support the Commission in developing further the operational framework for debt
management, for example, through additional instruments and processes to refine its
funding approach.
2
The national expert will enjoy important responsibilities in his/her respective field of
competence and be relied on heavily for strategic and operational guidance. The national
expert will enjoy considerable autonomy and room for initiative in the achievement of
agreed objectives while being fully integrated and working within the
organizational/management structure of the Directorate.
The expert will join the Directorate, which undertakes market operations on behalf of the
Union budget (“Asset, debt and financial risk management”). This Directorate, the bulk
of whose activities are located in Luxembourg, forms part of the Commission’s
Directorate-General for BUDGET. As well as the aforementioned borrowing and lending
activities, this busy and expanding Directorate also manages the assets that the
Commission holds on behalf of different Union policies including the Guarantee Funds
for EFSI, InvestEU and the External Action Guarantee. This Directorate also coordinates
the Commission policy framework for managing and reporting on the build-up of
contingent liabilities under the budgetary guarantees.
Eligibility criteria
The secondment will be governed by the Commission Decision C(2008) 6866 of

12/11/2008 laying down rules on the secondment to the Commission of national experts
and national experts in professional training (SNE Decision).
Under the terms of the SNE Decision, you need to comply with the following eligibility
criteria at the starting date of the secondment:
 Professional experience: at least three years of professional experience in

administrative, legal, scientific, technical, advisory or supervisory functions which are
equivalent to those of function group AD.
 Seniority: having worked for at least one full year (12 months) with your current
employer on a permanent or contract basis.
 Employer: must be a national, regional or local administration or an intergovernmental

public organisation (IGO); exceptionally and following a specific derogation, the
Commission may accept applications where your employer is a public sector body
(e.g., an agency or regulatory institute), university or independent research institute.
 Linguistic skills: thorough knowledge of one of the EU languages and a satisfactory

knowledge of another EU language to the extent necessary for the performance of the
duties. If you come from a third country, you must produce evidence of a thorough
knowledge of the EU language necessary for the performance of his duties.
Conditions of secondment
During the full duration of your secondment, you must remain employed and
remunerated by your employer and covered by your (national) social security system.
You shall exercise your duties within the Commission under the conditions as set out by
aforementioned SNE Decision and be subject to the rules on confidentiality, loyalty and
3
absence of conflict of interest as defined therein.
In case the position is published with allowances, these can only be granted when you
fulfil the conditions provided for in Article 17 of the SNE decision.
Staff posted in a European Union Delegation are required to have a security clearance
(up to SECRET UE/EU SECRET level according to Commission Decision (EU,
Euratom) 2015/444 of 13 March 2015. It is up to you to launch the vetting procedure
before getting the secondment confirmation.
Submission of applications and selection procedure
If you are interested, please follow the instructions given by your employer on how to
apply.
The European Commission only accepts applications which have been submitted
through the Permanent Representation / Diplomatic Mission to the EU of your
country, the EFTA Secretariat or through the channel(s) it has specifically agreed
to. Applications received directly from you or your employer will not be taken into
consideration.
You should draft you CV in English, French or German using the Europass CV format
(Create your Europass CV | Europass). It must mention your nationality.
Please do not add any other documents (such as copy of passport, copy of degrees or
certificate of professional experience, etc.). If necessary, these will be requested at a later
stage.
Processing of personal data
The Commission will ensure that candidates’ personal data are processed as required by
Regulation (EU) 2018/1725 of the European Parliament and of the Council (1). This
applies in particular to the confidentiality and security of such data. Before applying,
please read the attached privacy statement.
1
()Regulation (EU) 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural
persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free
movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC (OJ L 295, 21.11.2018, p.
39

Budg-E-3 B en

Uploaded by

Copyright:

Available Formats

Budg-E-3 B en

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Budg-E-3 B en

Uploaded by

Copyright:

Available Formats

EUROPEAN COMMISSION

VACANCY NOTICE FOR A POST OF SECONDED NATIONAL EXPERT

DG – Directorate – Unit BUDG-E-3

Post number in sysper: 351631

Christian Engelen, Christian.engelen@ec.europa.eu

Provisional starting date:

Type of secondment With allowances Cost-free

This vacancy notice is open to:

EFTA-EEA In-Kind agreement (Iceland, Liechtenstein,

Deadline for applications 2 months 1 month

Latest application date: 25-04-2024

Entity Presentation (We are)

Job Presentation (We propose)

Jobholder Profile (We look for)

The secondment will be governed by the Commission Decision C(2008) 6866 of

 Professional experience: at least three years of professional experience in

 Employer: must be a national, regional or local administration or an intergovernmental

 Linguistic skills: thorough knowledge of one of the EU languages and a satisfactory

Submission of applications and selection procedure

Processing of personal data

You might also like